EPS provides broad exposure to the US large-cap space, although its focus on earnings leads it slightly away from pure market coverage. 500 of the largest companies ranked by market capitalization from the WisdomTree U.S. Total Market Index that are generating earnings are selected. The fund focuses on past earnings rather than future earnings potential, so it underweights high growth companies in favor of established earners. The index is earnings-weighted during annual rebalancing to reflect the proportionate share of the earnings each company has generated.